CBRE from CBRE and CBRE Adelaide are pleased to offer to market ‘Love Athletica’ at Ground Floor, 136 Goodwood Road, Goodwood for sale via Private Treaty.

The property has the following key investment highlights:

+ Seven (7) Year lease to November 2030 plus Two (2) further options of 5 + 3 years through to 2038.
+ Love Athletica: A national boutique fitness studio with 9 locations and growing dedicated to energising Pilates through Hot Mat workouts and reformer classes.
+ Landlord favourable net lease terms with tenant paying usual outgoings including rates and building insurance.
+ Fixed, compounding 3.5% annual rent increases ensuring continued income growth.
+ Well-presented, new modern 225sqm* showroom featuring reception, amenities, demised showers/changerooms.
+ Two (2) large showrooms featuring premium fit outs to Love Athletica’s latest corporate design and functional layout presented for reformer and hot mat classes
+ Four (4) allocated on-title car spaces.
+ Lease secured by 3 months Bank Guarantee equivalent to Rent plus outgoings.
+ Strategically positioned providing ground floor frontage to Goodwood Road.
+ Goodwood: Affluent inner-city suburb of Adelaide only 2km* from the Adelaide CBD, with a median house price of $1,510,000.
+ City of Unley: The LGA supports 22,927 jobs and producing an annual economic output of $7.114 billion.
+ Stamp Duty Free investment, no stamp duty payable on commercial property in South Australia.
+ Net Income: $113,978 pa* + GST**

To be sold via Private Treaty

CBRE SA RLA | 208125